June 24, 2017
DG Dollar General Corp and MACD Cross Down Signal
Picture worth a thousand words.
We see the price gap up gap down. But the key here is to show you the MACD indicator. MACD shows a MACD cross down signal. It signals there is a change in trend direction. You don’t have action, jump immediately. You can wait for one more day to decide. While waiting you should also appreciate the chart, you better watch out for the stock. Bouncing up, bouncing down, even you got a signal to trade. You have to know back in your mind; everything is going to be short term. I remember one guru mentioned, always look at the context and not just the signal you receive. What he means is stock chart like this roller costar, is you quick in quick out. The trend just keep changing. Watch out.
June 22, 2017 Dollar General Corp and MACD Cross Down Signal
Risk
If you can wait, remember professional likes to wait for retracement. This will minimize the risk, as your stop loss will be smaller. So, picture worth a thousand words. In this case study, if you wait for pullback, you will have a handson gain; you can enjoy a big move in short time. Waw!
Professional Try Not to Buy and Sell Higher!
Professional trade on retracement.
What if you thought you miss and you jump in. You may be ended up you can not sleep for a days. … As you might be buy high and expecting to sell higher.
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.